N.H. Rev. Stat. § 304-C:117

Current through Chapter 381 of the 2024 Legislative Session

Section 304-C:117 - Advancement of Legal Costs, Etc

Subject to such standards and restrictions, if any, as are set forth in its operating agreement, a limited liability company may advance to members, managers, and other persons their costs, including legal fees, in defending themselves against claims arising from their relationship to the limited liability company:

I. If the operating agreement so provides; or

II. If a majority of the disinterested members so vote.

RSA 304-C:117

Entire chapter added by 2012, 232:2, eff. 1/1/2013.

2012, 232:2, eff. Jan. 1, 2013.